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Janney Montgomery Scott initiated coverage on shares of Navient Corp (NASDAQ:NAVI) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Buckingham Research initiated coverage on shares of Navient Corp in a research note on Tuesday, May 13th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.00.

Shares of Navient Corp (NASDAQ:NAVI) opened at 16.02 on Tuesday. Navient Corp has a 1-year low of $15.00 and a 1-year high of $17.38. The stock’s 50-day moving average is $16.47 and its 200-day moving average is $16.47. The company has a market cap of $6.773 billion and a P/E ratio of 5.51.

Navient Corporation holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (NASDAQ:NAVI), as well as the portfolio of private education loans (Private Education Loans).

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